In this part of the forex trading session we take a closer look at the EUR/AUD charts and explain the price action using volume price analysis.
https://youtu.be/ePi8SxUJgrE...
As the London forex session gets underway, we start with several of the forex specific indicators, such as the currency strength indicator, the currency array indicator forand the currency matrix. In this video we are using the MT5 trading platform, and then move on to consider some of the basic principles of volume price analysis applied to the forex markets and using Wyckoff's three laws.
https://youtu.be/FT7KeJBAZv4...
There are many traps set for the unwary forex trader and the London session crossover is one which occurs each day at precisely the same time. It is immensely profitable for the market makers as so many traders are unaware of this simple trap which plays on the fear of missing out, or FOMO. The volatility indicator is much in evidence and signals either congestion or a reversal from primary to primary trend.
https://youtu.be/8CI9gn59Tec...
US indices lead the way on Globex as the London forex session began with sentiment changing. As a result the VIX fell with indices rising and strong selling of the Japanese yen.
https://youtu.be/svEykuvd-J8...
As the London forex market gets underway, equity markets signal a reversal in sentiment along with risk currency flows such as the AUD/JPY. It is interesting to note the currency strength indicator on the daily timeframe with the commodity currencies heavily oversold and risk currencies overbought, so setting up for some excellent longer term trading opportunities for the yen currency pairs.
https://youtu.be/HE1j44W55LY...
In falling markets one of the great signals we always look for as forex volume traders is the candle highlighted on the chart, and is often an excellent re-entry signal to any trend if you have missed an opportunity higher in the trend. And the signal is simple and clear. Price weakness as denoted with the deep wick to the upper body of the candle, but associated with high volume. The market has tried to rally on excellent volume but closed lower on the day. Clearly the market makers are selling into weakness and therefore we can expect the trend lower to continue. You can join me in my free forex webclass where I explain this and other principles of volume price analysis which you can then apply to your own trading - join here http://bit.ly/3cB64cH...
All about sentiment at the London open of the forex session and a classic example of the importance of understanding the relational analysis which I cover in the complete forex education program which you can find here at https://quantumtradingeducation.com
https://youtu.be/kVPOzMjFESo...
Some great trading action across the markets, and with volume price analysis and the Quantum Trading tools and indicators helping to get you in and keep you in.
https://youtu.be/5_unRah3gSA...